Paladin Resources Ltd.

Paladin Resources Ltd.

August 23, 2005 17:00 ET

Allotment Of Shares On Exercise Of Options By Paladin Resources Ltd

PERTH, WESTERN AUSTRALIA--(CCNMatthews - Aug. 23, 2005) - Paladin Resources Ltd ("Paladin") (TSX:PDN)(ASX:PDN) wishes to advise that the Company has allotted 350,000 fully paid shares resulting from the exercise of 350,000 unlisted options exercisable at 22 cents (Australian) and issued pursuant to the Employee Share Option Plan.

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